Economy 52,864 Posted October 4, 2016 Share Posted October 4, 2016 https://www.google.ca/amp/www.wsj.com/amp/articles/oil-prices-rise-on-opec-optimism-1475489974 Oil prices have gone up about 10% as OPEC finally caved and agreed to discuss a production cut after the market failed to balance itself after two years Link to post Share on other sites More sharing options...
Computer 10,980 Posted October 4, 2016 Share Posted October 4, 2016 Finally And hopefully we can actually get some inflation in the developed world. 💚💛💕❣⭕💢💢 | ⓜⓔⓡⓡⓨ ©ⓗⓡⓘⓢⓣⓜⓐⓢ Link to post Share on other sites More sharing options...
juicyjuicy 2,005 Posted October 4, 2016 Share Posted October 4, 2016 yaassss economy Link to post Share on other sites More sharing options...
Economy 52,864 Posted October 4, 2016 Author Share Posted October 4, 2016 12 hours ago, Computer said: Finally And hopefully we can actually get some inflation in the developed world. I dont think inflation from higher oil prices is the best form of inflation would be better if it was inflation from more product/service demand or stronger wage growth Inflation that only comes from higher cost of business rather than increased economic activity is very iffy because while it may discourage money hoarding, it does absolutely nothing for company earnings (besides oil companies) nor does it do anything for wages so its only stealing purchasig power from people Inflation coming from higher oil only is 50-50 to me. At best the benefits compensate the negatives Of course setting inflation aside... The US Shale sector would benefit from this so there wpuld be some ecobomic gains from that! Link to post Share on other sites More sharing options...
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